Established in 1972, Tanfac Industries Ltd has emerged as a key player in the production of Hydrofluoric Acid and its derivatives. With decades of experience, the company has solidified its position as a leading manufacturer in the chemical industry.
In this article, we delve into the comprehensive aspects of Tanfac Industries Ltd, exploring its history, products, market influence, and contributions to the chemical sector. From its inception to its current standing, we unravel the story behind Tanfac’s success and its significance in the realm of chemical manufacturing.
About Tanfac Industries
Tanfac Industries Ltd boasts a diverse product portfolio, specializing in the manufacture of inorganic fluorine-based chemicals essential for various industries. From Anhydrous Hydrofluoric acid to Poly Aluminum Chloride, the company offers a wide range of products catering to sectors like aluminum smelting, petroleum refining, steel re-rolling, and more. Situated across 60 acres in the chemical complex of SIPCOT, Cuddalore, Tanfac operates state-of-the-art manufacturing facilities.
Its impressive production capacities include 15,600 metric tons per annum (MTPA) of Androus Hydrofluoric Acid, 15,600 MTPA of Aluminum Fluoride, 82,500 MTPA of Sulphuric Acid, and 8,400 MTPA of specialty fluorides. With a focus on quality and innovation, Tanfac serves as a crucial supplier to industries ranging from glass and ceramics to sugar and fertilizers, contributing significantly to their operational efficiency and product quality.
Tanfac Industries Q3 FY24 Results Summary
- Tanfac Industries witnessed an 11.11% YoY decline in revenue, alongside a 7.87% quarter-on-quarter increase.
- Profitability saw a 37.98% YoY decrease, with a further 11.36% decline compared to the previous quarter. The earnings per share (EPS) for Q3 FY24 dropped by 38% YoY to ₹10.1.
- Selling, general & administrative expenses experienced a 13.72% q-o-q increase and a 32.46% YoY rise.
- Operating income for Q3 FY24 decreased by 8.03% q-o-q and 38.68% YoY.
- Market performance shows a -8.88% return over the last 1 week, a 21.19% return in the past 6 months, and a -12.54% year-to-date return.
Below are the trading platforms that you can use to purchase Tanfac Industries shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2024 | 2,008.80 | 1,746.78 |
| April 2024 | 1,950.29 | 1,695.91 |
| May 2024 | 1,921.47 | 1,670.84 |
| June 2024 | 1,990.64 | 1,730.99 |
| July 2024 | 1,970.74 | 1,713.68 |
| August 2024 | 2,049.57 | 1,782.23 |
| September 2024 | 2,131.55 | 1,853.52 |
| October 2024 | 2,089.75 | 1,817.18 |
| November 2024 | 2,152.45 | 1,871.69 |
| December 2024 | 2,206.26 | 1,918.48 |
In 2024, Tanfac Industries’ share price targets depict a fluctuating trend throughout the year. Forecasts indicate a potential peak in December at ₹2,206.26 and a low in April at ₹1,695.91. With a current market capitalization of ₹1,855 Cr. and a stock price of ₹1,860 (as of March 4th, 2024), the company’s stock exhibits volatility within a range of ₹2,779 (high) and ₹875 (low).
Tanfac’s stock performance metrics include a P/E ratio of 29.8, a book value of ₹208, and a dividend yield of 0.34%. The company boasts strong returns on capital employed (ROCE) at 47.7% and return on equity (ROE) at 34.4%, reflecting its robust financial standing despite market fluctuations
| When | Maximum Price | Minimum Price |
| January 2025 | 2,250.38 | 1,731.06 |
| February 2025 | 2,308.08 | 1,775.45 |
| March 2025 | 2,398.10 | 1,844.69 |
| April 2025 | 2,351.08 | 1,808.52 |
| May 2025 | 2,282.60 | 1,755.85 |
| June 2025 | 2,385.32 | 1,834.86 |
| July 2025 | 2,338.55 | 1,798.88 |
| August 2025 | 2,410.87 | 1,854.52 |
| September 2025 | 2,495.25 | 1,919.42 |
| October 2025 | 2,560.13 | 1,969.33 |
| November 2025 | 2,624.13 | 2,018.56 |
| December 2025 | 2,689.74 | 2,069.03 |
In 2025, Tanfac Industries’ share price targets exhibit an upward trajectory, reflecting a positive outlook for the company’s stock performance. Forecasts suggest a potential high of ₹2,689.74 in December and a low of ₹1,731.06 in January. Tanfac, operating primarily in the fluoro-chemicals segment in India, demonstrated robust revenue generation with sales amounting to ₹314Cr in FY22.
Notably, the company derives a significant portion, 95%, of its revenue from domestic sales, while the remaining 5% comes from exports. This indicates a strong foothold in the domestic market. With an optimistic share price forecast for 2025, Tanfac Industries is poised to capitalize on its market position and potentially deliver substantial returns for investors.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,770.43 | 2,131.10 |
| February 2026 | 2,841.46 | 2,185.74 |
| March 2026 | 2,952.28 | 2,270.99 |
| April 2026 | 2,894.39 | 2,226.46 |
| May 2026 | 2,810.09 | 2,161.61 |
| June 2026 | 2,936.54 | 2,258.88 |
| July 2026 | 2,878.97 | 2,214.59 |
| August 2026 | 2,968.01 | 2,283.08 |
| September 2026 | 3,071.89 | 2,362.99 |
| October 2026 | 3,151.75 | 2,424.43 |
| November 2026 | 3,230.55 | 2,485.04 |
| December 2026 | 3,311.31 | 2,547.16 |
In 2026, Tanfac Industries’ share price targets project a continued upward trend, indicating a positive outlook for investors. Forecasts suggest a potential high of ₹3,311.31 in December and a low of ₹2,131.10 in January.
Notably, the company witnessed an improvement in its operating performance in FY 2022 compared to FY 2021. This was attributed to the sales of its value-added product, Potassium Fluoride, which experienced a surge in demand during the COVID-19 pandemic, being a critical ingredient in COVID-19 vaccine production.
Tanfac Industries has also forged strategic technology tie-ups with renowned entities such as Davy Process in Switzerland for Aluminium Fluoride, CHENCO in Germany for Hydrofluoric Acid, and Grasim Industries Limited for Sulphuric Acid/Oleum. These collaborations underscore Tanfac’s commitment to leveraging advanced technologies and expertise to enhance its product offerings and maintain its competitive edge in the market.
| When | Maximum Price | Minimum Price |
| January 2027 | 3,377.54 | 2,598.11 |
| February 2027 | 3,464.14 | 2,664.72 |
| March 2027 | 3,599.24 | 2,768.65 |
| April 2027 | 3,528.67 | 2,714.36 |
| May 2027 | 3,425.89 | 2,635.30 |
| June 2027 | 3,580.06 | 2,753.89 |
| July 2027 | 3,509.86 | 2,699.89 |
| August 2027 | 3,618.41 | 2,783.39 |
| September 2027 | 3,745.06 | 2,880.81 |
| October 2027 | 3,842.43 | 2,955.71 |
| November 2027 | 3,938.49 | 3,029.61 |
| December 2027 | 4,036.95 | 3,105.35 |
In 2027, Tanfac Industries’ share price targets continue to depict a positive trajectory, signaling favorable prospects for investors. Forecasts indicate a potential high of ₹4,036.95 in December and a low of ₹2,598.11 in January.
Notably, Tanfac Industries witnessed a significant development with its acquisition by Anupam Rasayan India Limited. Anupam Rasayan acquired a 24.96% stake from Birla Group Holdings Private Limited in March 2022. This strategic move represents a form of backward integration for Anupam Rasayan, enabling it to procure key input materials for its products from Tanfac Industries. Such acquisitions often signify confidence in the target company’s capabilities and potential for growth. Tanfac Industries, bolstered by this acquisition, is poised to further strengthen its position in the market and capitalize on new opportunities, which could contribute to its sustained upward trajectory in share price targets throughout 2027.
| When | Maximum Price | Minimum Price |
| January 2028 | 4,117.69 | 3,167.45 |
| February 2028 | 4,223.27 | 3,248.67 |
| March 2028 | 4,387.98 | 3,375.37 |
| April 2028 | 4,301.94 | 3,309.19 |
| May 2028 | 4,176.64 | 3,212.80 |
| June 2028 | 4,364.59 | 3,357.38 |
| July 2028 | 4,279.01 | 3,291.55 |
| August 2028 | 4,411.35 | 3,393.35 |
| September 2028 | 4,565.75 | 3,512.11 |
| October 2028 | 4,684.46 | 3,603.43 |
| November 2028 | 4,801.57 | 3,693.52 |
| December 2028 | 4,921.61 | 3,785.85 |
- January 2028: ₹3,167.45 (Minimum)
- December 2028: ₹4,921.61 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 5,020.04 | 3,861.57 |
| February 2029 | 5,148.76 | 3,960.59 |
| March 2029 | 5,349.56 | 4,115.05 |
| April 2029 | 5,244.67 | 4,034.36 |
| May 2029 | 5,091.91 | 3,916.86 |
| June 2029 | 5,321.05 | 4,093.11 |
| July 2029 | 5,216.71 | 4,012.86 |
| August 2029 | 5,378.06 | 4,136.97 |
| September 2029 | 5,566.29 | 4,281.76 |
| October 2029 | 5,711.01 | 4,393.09 |
| November 2029 | 5,853.79 | 4,502.91 |
| December 2029 | 6,000.13 | 4,615.49 |
- January 2029: ₹3,861.57(Minimum)
- December 2029: ₹6,000.13 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 6,120.13 | 4,707.79 |
| February 2030 | 6,277.06 | 4,828.51 |
| March 2030 | 6,521.86 | 5,016.82 |
| April 2030 | 6,393.99 | 4,918.45 |
| May 2030 | 6,207.75 | 4,775.19 |
| June 2030 | 6,487.10 | 4,990.08 |
| July 2030 | 6,359.90 | 4,892.23 |
| August 2030 | 6,556.60 | 5,043.54 |
| September 2030 | 6,786.08 | 5,220.06 |
| October 2030 | 6,962.52 | 5,355.79 |
| November 2030 | 7,136.58 | 5,489.68 |
| December 2030 | 7,315.00 | 5,626.92 |
- January 2030: ₹4,707.79 (Minimum)
- December 2030: ₹7,315.00 (Maximum)
Tanfac Industries Financial Condition: Last 5 Years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales | 222 | 165 | 148 | 320 | 375 |
| Expenses | 169 | 138 | 115 | 244 | 299 |
| Operating Profit | 53 | 27 | 33 | 76 | 76 |
| Other Income | 1 | 1 | 1 | 3 | 8 |
| Interest | 4 | 2 | 1 | 2 | 2 |
| Depreciation | 8 | 5 | 8 | 6 | 6 |
| PBT | 42 | 22 | 25 | 72 | 75 |
| Net Profit | 36 | 17 | 17 | 53 | 56 |
| EPS | 36.06 | 17.01 | 17.51 | 53.41 | 56.27 |
| Dividend Payout (%) | 0% | 0% | 0% | 17% | 12% |
- Over the last five years, Tanfac Industries has experienced significant financial growth.
- Sales have consistently risen from ₹222 crores in 2019 to ₹375 crores in 2023, representing a compounded sales growth of 18%.
- Operating profits have also seen a notable increase, reflecting improved expense management and operational efficiency.
- Net profit surged from ₹36 crores in 2019 to ₹56 crores in 2023, with compounded profit growth rates of 41% over the period.
- The company has maintained a prudent dividend payout policy, varying between 0% to 17% over the years.
- Tanfac Industries’ stock price has shown impressive growth, with CAGR ranging from 52% to 95% over different timeframes.
- Return on equity remained robust, ranging from 34% to 41% over the past five years, indicating the company’s ability to create value for shareholders.
FAQs
What is Tanfac Industries’ current market capitalization?
Tanfac Industries’ current market capitalization is ₹1,855 Cr.
The current share price target for Tanfac Industries is ₹2,206.26 as of December 2024.
The projected share price target for Tanfac Industries in December 2025 is ₹2,689.74.
The forecasted share price target for Tanfac Industries in December 2030 is ₹7,315.00.
What is Tanfac Industries’ current price-to-earnings (P/E) ratio?
Tanfac Industries’ current P/E ratio is 29.8.
What is Tanfac Industries’ dividend payout percentage for the fiscal year 2023?
Tanfac Industries’ dividend payout percentage for the fiscal year 2023 is 12%.
What is the current return on equity (ROE) for Tanfac Industries?
Tanfac Industries’ current return on equity (ROE) is 34.4%.
What is Tanfac Industries’ return on capital employed (ROCE) for the fiscal year 2023?
Tanfac Industries’ return on capital employed (ROCE) for the fiscal year 2023 is 47.7%.
What is the book value of Tanfac Industries’ stock?
Tanfac Industries’ book value of the stock is ₹208.
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Concluding Remarks: Tanfac Industries Ltd’s Position in the Chemical Sector
Tanfac Industries Ltd emerges as a formidable presence in the chemical industry, tracing its roots back to 1972 and establishing itself as a leading manufacturer of inorganic fluorine-based chemicals. Despite encountering challenges reflected in its Q3 FY24 results, such as a decline in revenue and profit, Tanfac Industries displays resilience, buoyed by optimistic share price targets for the future.
The company’s market performance, marked by fluctuations, finds balance in robust financial indicators like a healthy P/E ratio, strong returns on equity, and a prudent dividend payout policy. Tanfac’s strategic partnerships and technological collaborations underscore its commitment to innovation and competitiveness, exemplified by its acquisition by Anupam Rasayan India Limited, signifying confidence in its growth potential.
While Tanfac Industries has demonstrated remarkable financial growth over the past five years, including solid profit growth and a strong return on equity, certain aspects warrant attention. The stock’s premium trading relative to its book value and the uptick in debtor days pose considerations for investors.
In summary, Tanfac Industries’ journey epitomizes resilience, innovation, and strategic foresight, positioning it as an enticing investment opportunity within the dynamic chemical sector landscape.
What did we learn?
- 1 About Tanfac Industries
- 2 Tanfac Industries Q3 FY24 Results Summary
- 3 How to Purchase Tanfac Industries Shares?
- 4 Tanfac Industries Share Price Prediction 2024 – 2030
- 4.1 Tanfac Industries Share Price Target 2024
- 4.2 Tanfac Industries Share Price Target 2025
- 4.3 Tanfac Industries Share Price Target 2026
- 4.4 Tanfac Industries Share Price Target 2027
- 4.5 Tanfac Industries Share Price Target 2028
- 4.6 Tanfac Industries Share Price Target 2029
- 4.7 Tanfac Industries Share Price Target 2030
- 5 Tanfac Industries Financial Condition: Last 5 Years
- 6 FAQs
- 6.1 What is Tanfac Industries’ current market capitalization?
- 6.2 What is the current share price target for Tanfac Industries?
- 6.3 What is the projected share price target for Tanfac Industries in 2025?
- 6.4 What is the forecasted share price target for Tanfac Industries in 2030?
- 6.5 What is Tanfac Industries’ current price-to-earnings (P/E) ratio?
- 6.6 What is Tanfac Industries’ dividend payout percentage for the fiscal year 2023?
- 6.7 What is the current return on equity (ROE) for Tanfac Industries?
- 6.8 What is Tanfac Industries’ return on capital employed (ROCE) for the fiscal year 2023?
- 6.9 What is the book value of Tanfac Industries’ stock?
- 7 Concluding Remarks: Tanfac Industries Ltd’s Position in the Chemical Sector
